opioids News

FDA Chief Says Opioid Review Still in the Works

A long-awaited review of prescription opioid medications, including their risks and contribution to the U.S. overdose epidemic, is still underway at the Food and Drug Administration, the agency’s commissioner said Tuesday. Dr. Robert Califf wrote in a blog entry that …

Endo Files for Bankruptcy as U.S. Opioid Litigation Drags

Endo International Plc filed for bankruptcy on Tuesday after reaching a $6 billion deal with some of its creditors, as the U.S. drugmaker seeks to settle thousands of lawsuits over its alleged role in the country’s opioid epidemic. The pharmaceutical …

Allergan Poised to Pay More Than $2 Billion in Opioid Settlement

AbbVie Inc.’s Allergan unit has reached an agreement to pay more than $2 billion to resolve thousands of lawsuits filed by state and local governments over the marketing of its Kadian opioid painkiller, according to people familiar with the matter. …

Teva Reaches Proposed $4.35 Billion Settlement of Opioid Lawsuits

Teva Pharmaceutical Industries on Tuesday announced a $4.35 billion proposed nationwide settlement that could resolve thousands of lawsuits over the drugmaker’s alleged role in the U.S. opioid epidemic. The proposal calls for Teva to pay state and local governments up …

Allergan, Teva to Pay $54M in San Francisco Opioid Lawsuit

Opioid makers Allergan and Teva have agreed to pay $54 million in cash and overdose reversal drugs to settle a federal lawsuit brought by San Francisco alleging the drug industry fueled an overdose and addiction surge that created a public …

Texas Attorney General Opens Investigation Into Walmart’s Opioid Sales

Texas Attorney General Ken Paxton said on Tuesday he was investigating whether Walmart WMT.N improperly filled prescriptions and failed to report suspicious orders when selling opioid drugs. Paxton said he had opened a civil investigation into Walmart’s potential violations of …

U.S. Supreme Court Sides With Doctors Challenging Opioid Convictions

The U.S. Supreme Court on June 27 made it harder for prosecutors to win convictions of doctors accused of running “pill mills” and excessively prescribing opioids and other addictive drugs, by requiring the government to prove that defendants knew their …

Teva Pharma Sees Nationwide U.S. Opioid Settlement in 2022

Teva Pharmaceutical Industries believes it would have to pay around $2.6 billion in cash and medicine to settle thousands of lawsuits alleging it and other drug companies fueled the U.S. opioid epidemic. On the heels of two more state settlements …

McKinsey Chief Says Firm Failed to Identify Opioid Epidemic

The head of McKinsey & Co. acknowledged that it failed to see the opioid epidemic unfolding while simultaneously doing work for drug regulators and makers of painkillers including OxyContin in his first appearance before lawmakers investigating the consulting firm’s actions. …

Walgreens, Drugmakers Blame Others For San Francisco’s Opioid Crisis

Pharmacy chain Walgreens Boots Alliance WBA.O and other defendants on Tuesday said they were not to blame for the opioid crisis in San Francisco, and that they acted responsibly when providing legal medications to patients in pain. “Almost all of …